LKQ Co. (NASDAQ:LKQ) Director Blythe J. Mcgarvie sold 13,692 shares of LKQ stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $35.62, for a total transaction of $487,709.04. Following the completion of the transaction, the director now owns 20,993 shares of the company’s stock, valued at approximately $747,770.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ:LKQ traded up $0.08 during midday trading on Thursday, reaching $35.49. 22,239 shares of the stock traded hands, compared to its average volume of 1,816,274. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.93 and a current ratio of 2.18. The company has a fifty day moving average of $31.76 and a 200 day moving average of $28.18. The stock has a market capitalization of $11.05 billion, a P/E ratio of 16.23, a PEG ratio of 1.09 and a beta of 1.32. LKQ Co. has a 12 month low of $22.74 and a 12 month high of $36.11.
LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.03. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.14 billion. LKQ had a net margin of 3.50% and a return on equity of 14.79%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 EPS. On average, analysts predict that LKQ Co. will post 2.34 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the stock. Stifel Nicolaus set a $44.00 target price on shares of LKQ and gave the stock a “buy” rating in a research note on Friday, November 1st. TheStreet upgraded shares of LKQ from a “c+” rating to a “b-” rating in a report on Tuesday, September 24th. ValuEngine lowered shares of LKQ from a “hold” rating to a “sell” rating in a report on Saturday, October 5th. Wolfe Research set a $41.00 price objective on shares of LKQ and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Zacks Investment Research lowered shares of LKQ from a “hold” rating to a “sell” rating and set a $29.00 price objective for the company. in a report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $38.44.
Several large investors have recently added to or reduced their stakes in LKQ. Vanguard Group Inc. boosted its stake in LKQ by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 32,048,696 shares of the auto parts company’s stock worth $852,816,000 after purchasing an additional 293,379 shares in the last quarter. BlackRock Inc. raised its holdings in shares of LKQ by 0.6% in the second quarter. BlackRock Inc. now owns 20,148,889 shares of the auto parts company’s stock valued at $536,161,000 after acquiring an additional 117,889 shares in the last quarter. Invesco Ltd. raised its holdings in shares of LKQ by 9.3% in the second quarter. Invesco Ltd. now owns 5,772,934 shares of the auto parts company’s stock valued at $153,618,000 after acquiring an additional 491,522 shares in the last quarter. Southpoint Capital Advisors LP raised its holdings in shares of LKQ by 1.0% in the second quarter. Southpoint Capital Advisors LP now owns 5,000,000 shares of the auto parts company’s stock valued at $133,050,000 after acquiring an additional 50,000 shares in the last quarter. Finally, New Mountain Vantage Advisers L.L.C. raised its holdings in shares of LKQ by 81.8% in the second quarter. New Mountain Vantage Advisers L.L.C. now owns 4,704,201 shares of the auto parts company’s stock valued at $125,179,000 after acquiring an additional 2,117,077 shares in the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.
LKQ Company Profile
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.
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